🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

RSPL raises $3 Mn seed round led by Equirus and Artha Venture Fund

EntrackrEntrackr · 1m ago
RSPL raises $3 Mn seed round led by Equirus and Artha Venture Fund
Medial

RSPL raises $3 Mn seed round led by Equirus and Artha Venture Fund Deeptech startup Raana Semiconductors Pvt. Ltd. (RSPL) has raised $3 million in a seed round led by Equirus Innovatex Fund and Artha Venture Fund, with participation from IvyCap Ventures, PointOne Capital, CIIE Initiatives (IIMA Ventures) and angel investor Garimella Laxminarayana. This marks the company’s first institutional funding and was raised through a pure equity round. The proceeds will be used to accelerate R&D and product development of indigenous Czochralski (CZ) silicon ingot growth systems. The firm is initially focusing on building systems capable of producing 10–12 inch solar-grade silicon ingots, with a long-term roadmap toward semiconductor-grade wafers. Founded over a decade ago, Raana Semiconductors works on CZ-based crystal growth equipment and single-crystal materials. It develops and supplies turnkey silicon ingot growth systems, including installation, commissioning, and after-sales support, which are typically sourced from overseas suppliers. RSPL is currently the only private Indian company focused exclusively on CZ crystal growth equipment. The firm has worked with institutions such as BARC and IGCAR and has also executed projects under the Ministry of Defence’s iDEX programme. For FY26, the company has secured confirmed orders worth Rs 12 crore from government departments and national laboratories. Raana Semiconductors plans to commercialise its solar-grade CZ systems within the next 18 months, targeting large-scale silicon ingot production for domestic solar manufacturers.

Related News

RevOps startup Clientell raises $2.5 Mn in seed round

EntrackrEntrackr · 1y ago
RevOps startup Clientell raises $2.5 Mn in seed round
Medial

RevOps startup Clientell has raised $2.5 million in its seed round led by Blume Ventures. The round also saw participation from Chiratae Ventures, Artha Venture Fund and Silicon Valley-based Z5 Capital. Earlier to this round, the startup had raised $600,000 from Chiratae Ventures’ sonic cohort at the end of 2021, co-led by Artha Venture fund. The fresh proceeds will be used to strengthen its product and expand the team, the company said in a press release. Founded in 2021 by Saahil Dhaka and Neil Sarkar, Clientell helps businesses improve revenue generation efficiency by introducing AI copilots to boost their go-to-market (GTM) execution and optimize pipeline governance and forecasting. The Bengaluru-based startup deploys custom forecasting processes and ML models for each customer rather than using a one-size-fits-all approach. With its AI copilot, Clientell claims to have enabled its users, primarily chief revenue officers and Go-to-market leaders, to boost GTM execution and optimize pipeline governance and forecasting. Currently, the startup is working with initial design partners and early adopters spanning growth-stage SaaS companies and large pharmaceutical companies.

Tribe Stays raises $2.8 Mn led by Artha Venture and Riverwalk

EntrackrEntrackr · 3m ago
Tribe Stays raises $2.8 Mn led by Artha Venture and Riverwalk
Medial

Snippets Tribe Stays raises $2.8 Mn led by Artha Venture and Riverwalk Hospitality brand Tribe Stays has raised $2.8 million (Rs 24 crore) in a seed round co-led by Artha Venture Fund and Riverwalk Holdings. Kunal Khanna, Krishna Jain, and several HNIs and family offices also participated. The proceeds will be used to expand its portfolio across its three sub-brands: Tribe Student Accommodation, Tribe Commune, and Tribe Suites. Tribe Stays operates 650 beds in Pune and plans to add 1,000 more this financial year. The firm aims to scale to 25,000 beds across tier I and tier II cities including Hyderabad, Bengaluru, Mumbai, Gurugram, and Pune. Founded by Yogesh Mehra, Tribe Stays operates premium long-stay accommodation under three sub-brands: Tribe Student Accommodation, Tribe Commune, and Tribe Suites. The company provides managed living spaces for students, professionals, corporates, and executive guests across major Indian cities. Tribe plans to partner with universities and companies that require managed accommodation for relocation and long-stay needs.

Cheerio AI raises Rs 8 Cr in seed round led by Artha Venture Fund

EntrackrEntrackr · 8d ago
Cheerio AI raises Rs 8 Cr in seed round led by Artha Venture Fund
Medial

Cheerio AI raises Rs 8 Cr in seed round led by Artha Venture Fund AI-powered customer engagement platform Cheerio AI has raised Rs 8 crore in a seed funding round led by Artha Venture Fund through its Artha Venture Fund II. The round also saw participation from Hyderabad Angels, TiE Angels, LetsVenture, Invention Engine, and several angel investors. The proceeds will be used to build multi-modal AI capabilities, including a proprietary small-model LLM for ad generation, expand into voice and video channels, and strengthen automation features and enterprise-grade infrastructure. Cheerio AI also plans to hire across engineering, AI, enterprise sales, and customer success over the next six months as it prepares for global expansion. Founded by Nishant Das, Avinash, and Priam, Cheerio AI builds an AI-powered customer engagement platform designed to optimise the CAC-to-LTV equation for enterprises. The platform integrates marketing, support, and sales workflows across channels such as WhatsApp, email, SMS, social messaging, and in-app communication. The startup currently works with over 150 enterprise customers across six industries and claims to have generated more than Rs 500 crore in additional revenue for clients through retention automation. The company also reported revenue growth of 450% year-on-year over the past two years.

InstaAstro raises $2.3 Mn led by Artha Venture Fund

EntrackrEntrackr · 1y ago
InstaAstro raises $2.3 Mn led by Artha Venture Fund
Medial

Online astrology platform InstaAstro has raised Rs 18.50 crore in its pre-Series A round led by Artha Venture Fund. The round also saw participation from LogX Ventures, Singularity Ventures, IR Capital Partners, Blume Founders Fund and Aloke Bajpai, MD & CEO of Ixigo. In November 2021, InstaAstro had raised Rs 3.2 crore in a seed round led by Artha Venture Fund along with Ramakant Sharma’s LogX Ventures. With fresh funds, InstaAstro is launching new spiritual e-commerce, daily pooja, and reiki healing services. As per the company, these offerings would deepen the platform’s user engagement and provide access to a comprehensive spiritual and astrological guidance ecosystem. Founded by Nitin Verma, InstaAstro claims to have over 200,000 monthly app installs, 50,000 minutes per day in consultations, and an ARR of $5 million. It offers horoscopes, tarot readings, and numerology in English, Hindi, and various regional languages. The startup has a total user base of over 5 million users and provided a cumulative consultation of more than 2 crore (20 million) minutes to its subscribers in FY24. The firm has 1,500 astrologers on its platform. It competes with GaneshaSpeaks, AstroTalk, Click Astro, and Bodhi. In the past 12 months, a clutch of astro and spiritual tech startups raised funds. The list included AstroTalk, Vama, Utsav, DevDham (previously DevDarshan), and Melooha. As per Entrackr’s sources, Bodhi is also in talks to raise a new round. AstroTalk had raised the largest funding ($20 million) among the astro and spiritual tech startups.

Consuma raises $1.3 Mn in seed round led by Equirus InnovateX Fund

EntrackrEntrackr · 4m ago
Consuma raises $1.3 Mn in seed round led by Equirus InnovateX Fund
Medial

Consuma raises $1.3 Mn in seed round led by Equirus InnovateX Fund Consuma, a startup that aims to disrupt traditional research methods like surveys and focus-groups, has raised $1.3 million (about Rs 11.16 crore) in seed funding round led by Equirus InnovateX Fund, along with participation from prominent angel investors such as Abhishek Goyal, Mekin Maheshwari, Bhavik Dholakia, Harsh Shah, Arnav Kumar, Shiv Kapoor, Biswa Kalyan Rath, and several others. The Bengaluru-based startup had previously raised $200K in the same round from Expert DOJO and others. The proceeds will be allocated for technology development and market expansion - both domestically and globally, Consuma said in a press release. Launched in 2021 by Abhilash Madabhushi, Consuma is an AI startup that aims to revolutionize how brands conduct consumer research. By replacing traditional surveys and focus groups with AI-driven analysis of digital behaviour, Consuma enables brands to access faster, richer, and more cost-effective insights. “Consumers are changing faster than ever before, and brands need research methods that keep up with this rate of change. We are building technology to bring consumer research into the age of AI - driving differential insights in minutes, not months,” said Abhilash Madabhushi, founder of Consuma. According to Consuma, brands can perform research in 30 minutes instead of 2-3 months, at 1/10th the cost, all while analysing 1000x more data. In less than six months since its public launch, the company claims that it already works with over 35 global brands, including Godrej and Britannia.

Exclusive: DrinkPrime raises fresh money at 30% valuation premium

EntrackrEntrackr · 1d ago
Exclusive: DrinkPrime raises fresh money at 30% valuation premium
Medial

Exclusive: DrinkPrime raises fresh money at 30% valuation premium DrinkPrime, a subscription-based reverse osmosis (RO) water supplying startup, has raised Rs 20 crore in fresh funding from Artha Venture Fund and Mirabilis Investment Trust. According to DrinkPrime’s filings with the Registrar of Companies (RoC), its board approved the allotment of 21,718 Series A3 CCPS and 10 equity shares at an issue price of Rs 9,205 per share to raise Rs 20 crore. Artha Venture Fund and Mirabilis Investment Trust have invested Rs 10 crore during the round. According to the filing, the proceeds will be utilized in line with the company’s approved business plan. As per Entrackr’s estimates, DrinkPrime’s valuation has jumped to Rs 340 crore (approximately $37 million) in the latest round compared to Rs 261 crore in its previous funding round. Following the allotment in the latest round, Artha Continuum Fund and Mirabilis Investment Trust hold a 2.94% stake each in DrinkPrime on a fully diluted basis. The Bengaluru-based startup had previously raised $3 million in a funding round led by SIDBI Venture Capital Ltd. Founded in 2016 by Vijender Reddy Muthyala and Manas Ranjan Hota, DrinkPrime operates a subscription-based water purifier platform that offers IoT-enabled purifiers to households. DrinkPrime reported a 54% increase in operating revenue to Rs 72.13 crore in FY25 from Rs 46.81 crore in FY24, while its loss decreased to Rs 11.53 crore from Rs 14.14 crore during the same period.

Download the medial app to read full posts, comements and news.